‘Job creation addressed only in some sectors’

Sunil Pradhan
Thursday, 1 February 2018

With job creation being an important expectation of people, industry experts have appreciated that the proposed budget provisions will help in job creation.

Pune: With job creation being an important expectation of people, industry experts have appreciated that the proposed budget provisions will help in job creation.

Finance Minister Arun Jaitley declared that following the increase in customs duty on mobile phones to 20% and on some of their parts and accessories, the domestic items will be cheaper than imported ones.

He said that the move will generate more demand which, in turn, will create more employment opportunities. Industry experts said while there will be job creation in the field of Internet of Things, digital technology, farming, animal husbandry and others, the government has not addressed issues of jobs in manufacturing and other sectors. 

Pramod Chaudhari, President, Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) said creation of additional capacity or job creation in the manufacturing sector is not addressed in the budget. “This continues to be an issue which perhaps will need more focus because it has not been addressed for last 2 to 3 years,” added Chaudhari.

Cyber expert Pankajj Ghode, Chairman of Global Blockchain Foundation said the government has large number of initiatives on the technology front and so a large number of jobs are expected to be generated in technology usage. “Things like robotics, artificial intelligence is used on large scale in mechanical and electrical industry. Similarly the government is positive about adaptation of blockchain technology which will add to the job market,” added Ghode. 

Ajit Navle, a farmer said that the government has various initiatives to promote farming and farming technology which will add to job creation. “However not many youths are inclined towards agriculture. There is a need to create manpower and skill sets for promoting  farming,” added Navle. 

Deepak Shikrapur from MCCIA said the budget has no mention of cyber security and software export, which had the potential of job creation. “However the increase in customs duty will promote Make in India initiative and create jobs,” added Shikrapur. 

Experts welcomed the move of lower corporate income tax rate for micro, small and medium enterprises which would leave such companies with higher investible surplus, thereby creating more jobs.

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